Bombardier Business Aircraft has concluded a deal for four Challenger 650 jets with Zetta Jet. The rapidly expanding Singapore-based charter operator currently flies an all Bombardier fleet, with nine Global Express aircraft. The latest deal comes after the manufacturer signed a purchase agreement with China’s Minsheng Financial Leasing who in turn signed a “strategic agreement on the co-operation in aircraft leasing” with Zetta Jet at the National Business Aviation Association’s (NBAA) 2016 Convention and Exhibition in Orlando, Florida. The order is valued at approximately $129.4m based on 2016 list prices.
“This agreement strengthens our position in the Asian aviation market by diversifying our fleet to include Challenger business jets and enhancing our offering to our elite clientele,” said Geoffery Cassidy, Managing Director, Zetta Jet. “Minsheng Financial Leasing is both a key partner of Zetta Jet and a leading player in China’s financing market, and this agreement signals the confidence they place in the growth potential of Zetta Jet, its business model and the addition of Challenger 650 aircraft to our fleet. With its breakthrough design attributes and unique expressions of comfort, control and connectivity, the Challenger 650 aircraft and its widest-in-class cabin create the ultimate inflight experience for Zetta Jet’s ultra VIP travellers.”
Zetta Jet will operate the four Challenger 650s out of its North American hub in Los Angeles. The jets will be used to satisfy demand between North America and the South East Asian region.
Peter Likoray, Senior Vice President, Sales and Marketing, Bombardier Business Aircraft, said: “We are thrilled that Zetta Jet has chosen to grow its fleet with Bombardier’s Challenger 650 aircraft. With its redefinition of the ultimate inflight experience, proven reliability and efficiency, and the industry’s-best overall value, the Challenger 650 aircraft provides Zetta Jet’s exclusive customers with everything they need and more.”